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The U.S. consumer agency, which enforces federal antitrust law, and 17 states filed their lawsuit against Amazon in Seattle federal court on Tuesday, asking a U.S. judge to consider an injunction and other penalties to combat alleged unlawful conduct. The FTC's lawsuit is related to but broader than a series of private consumer cases filed in recent years against Amazon that are pending in the same U.S. federal court. The private antitrust cases offer an early window into some of the legal arguments Amazon could be expected to make to challenge the FTC's lawsuit. Generally speaking, U.S. judges are "wary of using antitrust law to punish low-pricing behavior," said antitrust scholar Sean Sullivan of the University of Iowa's law school. Sullivan said it is not always a clear line between "good low pricing" — based on market competition — and "bad low pricing" that helps a company acquire or maintain market power.

Persons: Mike Segar, David Balto, Diane Hazel, Foley, Lardner, Hazel, Tom Cotter, David Zapolsky, Zapolsky, Lina Khan, Ricardo Martinez, Martinez, George W, Bush, Sean Sullivan, Sullivan, Mike Scarcella, Leigh Jones Organizations: REUTERS, U.S . Federal Trade, Amazon.com, Amazon, Reuters, FTC, U.S, University of Minnesota Law School, District, University of, Thomson Locations: Manhattan, New York City, U.S, Seattle, Washington, Mt, Rainier

☆ TikTok Shop is offering hemp-derived THC syrup, sex toys, and other banned goods to users as the platform struggles with enforcement
▼ + stars: | 2023-09-27 | by ( Dan Whateley | Madeline Stone | ) www.businessinsider.com time to read: +5 min

TikTok is in an all-out blitz to make its e-commerce marketplace Shop take off. But as it races to drive up sales, it's letting prohibited products slip through the cracks. TikTok Shop has over 200,000 sellers, according to the company, which has been a challenge as it tries to keep out banned goods at scale. TikTok isn't alone in failing to keep its e-commerce marketplace cleanTikTok isn't the only e-commerce player to struggle with marketplace quality. It's early days for TikTok Shop in the US, and the company is still finding its footing.

Persons: TikTok, TikTok isn't, Etsy, it's, Madeline Stone, Dan Whateley Organizations: TikTok Locations: mstone@insider.com, dwhateley@insider.com

☆ Indonesia bans e-commerce transactions on social media in major blow to TikTok
▼ + stars: | 2023-09-27 | by ( ) edition.cnn.com time to read: +3 min

Jakarta Reuters —Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, in a blow to short video app TikTok, which is doubling down on Southeast Asia’s biggest economy to boost its e-commerce business. TikTok, owned by China’s ByteDance, has 125 million active monthly users in Indonesia and has been looking to translate the large user base into a major e-commerce revenue source. He warned of letting social media become an e-commerce platform, shop and bank all at the same time. Indonesia Deputy Trade Minister Jerry Sambuaga earlier this month named TikTok’s live streaming features as an example of people selling goods on social media. E-commerce transactions in Indonesia amounted to nearly $52 billion last year and of that, 5% took place on TikTok, according to data from consultancy Momentum Works.

Persons: TikTok, China’s ByteDance, “, Zulkifli Hasan, Zulkifli, Jerry Sambuaga, Sea’s Shopee, Fahmi, ” Organizations: Jakarta Reuters —, Indonesia Trade, Wednesday, Reuters, Indonesia Deputy Trade, Research, BMI, Momentum Works Locations: Jakarta, Jakarta Reuters — Indonesia, Southeast Asia, Indonesia, Shop, TikTok, Europe, United States

☆ Judge assigned to US antitrust case against Amazon recuses himself
▼ + stars: | 2023-09-27 | by ( ) edition.cnn.com time to read: +1 min

The judge assigned to the US Federal Trade Commission’s antitrust lawsuit against Amazon.com has recused himself from the case, according to a court document filed on Wednesday. Senior Judge John Coughenour was assigned to the case on Tuesday, when the antitrust lawsuit was filed against Amazon in federal court in Seattle. Coughenour, an appointee of Republican former President Ronald Reagan, did not cite a reason for dropping off the case in the court filing. The case has been re-assigned to US District Judge John Chun based on rotation, according to the document. Amazon is facing a series of similar but smaller private consumer cases filed in recent years that are pending in the same US federal court with Judge Ricardo Martinez and the FTC has argued its case should be assigned to the same judge to avoid duplication or conflict.

Persons: John Coughenour, Ronald Reagan, John Chun, Chun, Joe Biden, Judge Ricardo Martinez Organizations: US Federal Trade, Amazon.com, Amazon, Republican, US, Washington, Court of Appeals, FTC Locations: Seattle

☆ Shopify invests in wholesale platform Faire
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Wattie/File Photo Acquire Licensing RightsLONDON, Sept 27 (Reuters) - E-commerce giant Shopify (SHOP.TO) is investing in wholesale platform Faire, the companies said on Wednesday, in a global deal that would see the start-up adopt Shopify technology for its clients. Faire, founded in 2017 and valued at $12.59 billion, would become the recommended wholesale marketplace for Shopify merchants. Shopify's director of product Aneeqa Khan said the partnership would make it easy for Shopify merchants to find wholesale buyers, and enable retailers to source from Faire's network of brands. Faire said the most popular search filter on its platform is "Not on Amazon", as retailers look to source less widely available products. For Shopify, which sells tools to create and manage online store-fronts, this is the latest in a series of deals.

Persons: Chris Wattie, Shopify, Aneeqa Khan, Max Rhodes, Rhodes, Helen Reid Organizations: REUTERS, New York Stock Exchange, aURORA, Thomson Locations: Ottawa , Ontario, Canada, United States, Europe

☆ Amazon has a poor man’s monopoly
▼ + stars: | 2023-09-27 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

The $1.3 trillion retailer run by Andy Jassy was sued on Tuesday by the U.S. Federal Trade Commission for alleged anticompetitive practices. She rose to prominence after publishing a paper in the Yale Law Journal in 2017 titled “Amazon’s Antitrust Paradox,” which painted the e-commerce giant as a sprawling monopoly that has gone unchecked by traditional antitrust policing. But Chinese competitors like Shein and Temu, which have different cost structures, are starting to encroach on Amazon’s market. It's possible that Khan and the FTC can nail Amazon in court for behaviors that in the past have given it an exclusive edge. Follow @thereallsl on XCONTEXT NEWSThe U.S. Federal Trade Commission filed an antitrust lawsuit against Amazon.com on Tuesday, asking the court to consider forcing the online retailer to sell assets.

Persons: Andy Jassy, Lina Khan, EBITDA, Walmart’s, hasn’t, Khan, Jonathan Guilford, Sharon Lam Organizations: Reuters, U.S . Federal Trade Commission, Yale Law, Investors, Walmart, Foods, Amazon.com, Alphabet's Google, Thomson Locations: Arkansas, It’s

☆ Seeking nominations for the top social-shopping startups powering the next wave of e-commerce
▼ + stars: | 2023-09-26 | by ( Dan Whateley | Marta Biino | ) www.businessinsider.com time to read: +2 min

Insider is compiling a list of the leading startups boosting social commerce in the US. We want to hear from you on the companies best positioned to help social shopping take off. AdvertisementAdvertisementThe age of social shopping is here. And Pinterest is similarly making social commerce a top focus. What are the companies that are best positioned to help social shopping succeed in the US?

Persons: —, TikTok Organizations: Service, YouTube Locations: Asia

☆ REGISTER NOW: How enterprise merchants can leverage seamless omnichannel payments to drive growth
▼ + stars: | 2023-09-26 | by ( Sponsor Post | Created Insider Studios With Paypal | ) www.businessinsider.com time to read: +3 min

Today's consumers expect a seamless experience whether they're shopping online, in person, or a combination of both. To attract and retain customers, merchants need to prioritize affordability and convenience by providing a seamless payment experience across channels. This is an example of the type of seamless, omnichannel checkout experience today's consumers look for in the brands they shop with. These modern shoppers expect convenience, great prices, and the same level of service and security whether they're shopping online or in a store. On October 24, PayPal is sponsoring a virtual event, "How Seamless Omnichannel Payments Drive Sales."

Persons: Adam Kronengold, Lucky Brand, Cindy Turner, Julie Fergerson Organizations: PayPal, Authentic Brands, Merchant Risk, Merchant, Insider Studios

☆ Amazon is facing a lawsuit from the FTC and 17 US states. They say it's stifling competition and keeping prices high.
▼ + stars: | 2023-09-26 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

Amazon is facing an antitrust lawsuit from the Federal Trade Commission and 17 states. The suit claims Amazon is leveraging its power to inflate prices and overcharge small sellers. The FTC has been gathering evidence for months to show how Amazon disadvantages sellers. Some of the agency's allegations in the Amazon case mirrors those made in a separate lawsuit last year by the state of California. The federal complaint follows other actions the FTC has taken against Amazon in the past few months.

Persons: —, biasing, Lina Khan, Khan, FTC's Khan Organizations: Federal Trade Commission, FTC, Service, Court, Western, of, Amazon, Institute for Local, Essentials . Booksellers, of Justice, Big Tech, Yale, District of Columbia, Amazon Prime Locations: of Washington, California

☆ DoorDash, Instacart, and GrubHub drivers say they're being booted from their delivery jobs without notice — and the services won't tell them why
▼ + stars: | 2023-09-26 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +13 min

Unexplained deactivations are commonplace for some gig workers, according to accounts from drivers. The agent on the other end approved it, he told Insider, and assured him that it wouldn't negatively affect him. Sudden, unexplained deactivations have become commonplace for workers on gig delivery apps, according to accounts from these workers. Grubhub and DoorDash told Insider that employees determined the deactivations of drivers. Do you work for Instacart, DoorDash, Uber Eats, or another delivery service and have a story idea to share?

Persons: —, Uber, would've, they'd, Steve, Jason Picon, Jason, Grubhub, Michael Loccisano, Instacart, Rikki Nudelman, I've, DoorDash, Nudelman, we're, New York City, Sergio Avedian, Guy, Avedian, Carsten Koall, Uber hadn't Organizations: Service, Grubhub, Santa Barbara, DoorDash, New York Daily News, Tribune, Getty, Walmart Locations: Oregon, Virginia, Texas, California, Central California, Los Angeles, Santa, New York, New York City Ribeiro, New, Seattle, deactivations, Berlin

☆ China's e-commerce discount race to the bottom puts incumbents under pressure
▼ + stars: | 2023-09-26 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +6 min

REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Sept 26 (Reuters) - Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said. Platforms in China, the world’s largest e-commerce market, have recently described a “value-for-money battle” stoked by economic insecurity and a slower-than-expected retail recovery following the lifting of COVID-19 curbs late last year. “There was a clear vacuum for the discount retailer online experience ... Across the world, executives are now focusing on price pressures as discount online retailers gain increasing market share. In the West, the inflation driven consumer wants something cheaper because they're going through a moment of financial insecurity,” Ho said.

Persons: Florence Lo, ”, thrall, Sharon Gai, ” Humphrey Ho, Rui Ma, Trudy Dai, Alibaba, ” Ho, Casey Hall, Vanessa O'Connell, Aurora Ellis Organizations: PDD Holdings, REUTERS, Rights, West, Deal, Hylink, Amazon ., Tmall, Thomson Locations: China, Southeast Asia, North America, Europe, United States, Douyin, Canada, Australia, America, U.S, Amazon, Amazon . Indonesia

More than 9 million merchants sell their wares on Amazon's marketplace and also supply it with steady streams of revenue. Amazon collects advertising fees for touting their products, fulfillment fees for delivery in addition to less specific "sellers' fees." Some merchants welcome the potential of relaxed seller and advertising charges, while others worry that completely dissolving Amazon's advertising services would harm their ability to reach shoppers. The FTC found that the company's fulfillment fees increased approximately 30% between 2020 and 2022. Dieterle relies on Amazon's fulfillment and advertising services to boost merchandise sales.

Persons: Mike Segar, Rick Dieterle, Dieterle, Lindsay Windham, Bryan Croft, Croft, Big, Jason Hince, Hince, Stacy Mitchell, Arriana McLymore, Matthew Lewis 私 Organizations: REUTERS, Rights, Merchants, U.S . Federal Trade, Big Tech, Amazon, FTC, Taco Brands, Union, HC Brands, Big Crazy Buffalo, Facebook, Google, Big, Institute for Local Locations: Manhattan, New York City, Rights RALEIGH, North Carolina, Buffalo, Raleigh , North Carolina

☆ Amazon.com faces an array of US consumer, state antitrust lawsuits
▼ + stars: | 2023-09-26 | by ( Mike Scarcella | ) www.reuters.com time to read: +5 min

In the California case, Judge Ethan Schulman in San Francisco Superior Court in March ruled against Amazon's bid to dismiss the lawsuit. CONSUMERS' PRICE INFLATION CLAIMSAmazon faces a pair of consumer lawsuits in Seattle federal court. The consumer plaintiffs, Chun wrote, "allege the type of conduct that antitrust law is intended to prevent." E-BOOKSIn Manhattan federal court, a prospective class action from consumers accuses Amazon of artificially inflating the price of retail trade e-books on the site. U.S. District Judge Gregory Woods has not yet ruled on objections from Amazon and the plaintiffs to Figueredo's report and recommendation.

Persons: Benoit Tessier, Rob Bonta, Ethan Schulman, Amazon's, Schulman, Richard Jones, Jones, John Chun, —, Chun, Ricardo Martinez, Valerie Figueredo, Gregory Woods, Mike Scarcella, Chris Sanders, Matthew Lewis Organizations: REUTERS, U.S . Federal Trade Commission, Amazon.com, Big Tech, FTC, GENERAL, District of Columbia, Walmart, Costco, Amazon, San Francisco Superior Court, District, U.S, Thomson Locations: Bretigny, Paris, France, CALIFORNIA, WASHINGTON, GENERAL California, District, Washington ,, California, Columbia, San Francisco, Seattle, U.S, Maryland, Manhattan, Washington

☆ Want to Sell on TikTok? For Many Chinese Merchants, It Isn’t So Simple
▼ + stars: | 2023-09-25 | by ( Raffaele Huang | ) www.wsj.com time to read: 1 min

Want to Sell on TikTok? For Many Chinese Merchants, It Isn’t So Simple Picking the right products, avoiding cultural faux pas and navigating social media are all part of the challenges vendors faceStills from raw clips that Chinese merchant Lina Pan was given by a coach teaching how to earn ‘millions’ by selling on TikTok. Pan says the instructor told her to use these materials to make videos and post them on her TikTok account.

Persons: Lina Pan, Pan

☆ Want to Sell on TikTok? For Many Chinese Merchants, It Isn’t So Simple.
▼ + stars: | 2023-09-25 | by ( Raffaele Huang | ) www.wsj.com time to read: 1 min

Want to Sell on TikTok? For Many Chinese Merchants, It Isn’t So Simple. Picking the right products, avoiding cultural faux pas and navigating social media are all part of the challenges vendors faceStills from raw clips that Chinese merchant Lina Pan was given by a coach teaching how to earn ‘millions’ by selling on TikTok. Pan says the instructor told her to use these materials to make videos and post them on her TikTok account.

Persons: Lina Pan, Pan

☆ TikTok's strategy for US dominance is straight out of Amazon's playbook — but creators are the fuel for its flywheel
▼ + stars: | 2023-09-25 | by ( Jasmine Enberg | ) www.businessinsider.com time to read: +5 min

TikTok launched its e-commerce platform, TikTok Shop, on September 13, 2023. The social app's shopping business will be driven by FOMO and trends, fueled by its avid community of creators. After months of testing, TikTok this month launched TikTok Shop, an in-app commerce solution including shoppable short and live videos, checkout, TikTok Shop ads, fulfillment, and a marketplace accessible through a separate Shop tab. It has a roadmap and deep resources in parent company ByteDance, which can afford the $500 million loss TikTok Shop is expected to face this year. TikTok's commerce business will be driven by trends and FOMO, packaged up and delivered to users by creators.

Persons: TikTok, Jasmine Enberg Organizations: Intelligence, Google, Media, Meta, YouTube, Shop, Amazon Prime

☆ Klaviyo shares rise following NYSE debut
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKlaviyo shares rise following NYSE debutGil Luria, senior software analyst at D.A. Davidson, joins 'The Exchange' to discuss Klaviyo's IPO opening, manufacturing tools at scale for merchants to shop online, and the direct-to-consumer ecosystem.

Persons: Gil Luria, Davidson Organizations: NYSE, D.A

☆ A candy-store owner explains how he's made over $2.5 million in sales from TikTok Shop
▼ + stars: | 2023-09-21 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

The @sosweetshopuk account had 800,000 followers by March 2022, when Robinson began using TikTok Shop, the platform's shopping feature that allows in-app purchases. He soon established a relationship with the TikTok Shop team, who have been helping him navigate the platform and boost sales. Robinson says the lifetime sales of SoSweet products on TikTok Shop are over $2.5 million (£2 million). On the right, a screenshot of what SoSweet's TikTok Shop page looks like. Maryam Malik/SoSweet/TikTokTo spread the firsthand knowledge he's gained, Robinson recently started his own TikTok Shop Partner agency, to consult for small businesses on how to get started on TikTok Shop and how to use it for sales.

Persons: George Robinson, SoSweet, Robinson, Gavin, Stacey, George Robinson Virality, TikTok, Sellers, —, Maryam Malik, he's Organizations: Facebook, Bloomberg, SoSweet, Merchants Locations: Devon, England, Newquay , Cornwall, TikTok

☆ 'Relentless pursuit of eyeballs': Analysts name China internet stocks to buy, give 2 over 50% upside
▼ + stars: | 2023-09-21 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Several stocks are set to benefit from the "relentless pursuit of eyeballs" in the Chinese internet sector, according to analysts at asset management firm AllianceBernstein. Mini programs are apps within WeChat and have functions in areas such as e-commerce, task management, coupons, and so on. Tech giant Alibaba was given a price target of $100, representing a 14.9% upside from its Sept. 18 close. Kuaishou and Bilibili were given target prices of HK$70 and $16, representing 10.9% and 17.0% upside, respectively. Outlook The analysts said the expansion of channels for spending could lead to accelerating growth in e-commerce penetration, though the extent of upside is "debatable."

Persons: Robin Zhu, Ronald Ma, Xuan Ji, Xiaohongshu, AllianceBernstein, PDD, JD, — CNBC's Michael Bloom Organizations: Douyin, JD, Hong Kong, HK, Tech Locations: China, Pinduoduo

Effective Oct. 1, Amazon was planning to impose a new 2% fee on every sale by third-party sellers that ship their products themselves, according to media reports in August. "After careful consideration, we've made the decision not to implement this program fee to ensure seller sentiment related to the fee does not impact program participation," an Amazon spokesperson told Reuters. The reversal in Amazon's plans comes when the company is facing a potential lawsuit from the U.S. Federal Trade Commission. The FTC is expected to file a lawsuit against Amazon later this month after the company did not offer concessions to settle antitrust claims, the Wall Street Journal reported. Amazon has been criticized for allegedly favoring its own products over those from outside sellers on its platform.

Persons: we've, Trump, Deborah Sophia, Pooja Desai Organizations: Amazon, Reuters, U.S . Federal Trade Commission, Bloomberg, FTC, Wall Street Journal, Thomson Locations: Bengaluru

The move suggests the company is taking a more cautious approach to how much money it can charge online sellers, the Bloomberg report said. Effective Oct. 1, Amazon was planning to impose a new 2% fee on every sale by third-party sellers that ship their products themselves, according to media reports in August. The FTC is expected to file a lawsuit against Amazon later this month after the company did not offer concessions to settle antitrust claims, the Wall Street Journal reported. The FTC began probing the company during the Trump administration, when it also launched investigations into other tech majors. Amazon has been criticized for allegedly favoring its own products over those from outside sellers on its platform.

Persons: Pascal Rossignol, Trump, Deborah Sophia, Pooja Desai Organizations: REUTERS, Bloomberg, U.S . Federal Trade Commission, FTC, Amazon, Wall Street Journal, Thomson Locations: Bengaluru

☆ 'Be a disciplined company.' How Klaviyo broke the IPO dry spell, according to its CEO.
▼ + stars: | 2023-09-20 | by ( Melia Russell | ) www.businessinsider.com time to read: +8 min

CEO Andrew Bialecki told Insider that being a "disciplined company" was key to its success. Jeff Bussgang, a general partner at Flybridge Capital Partners in Boston, told The Boston Globe in an interview, "I'm seeing green shoots — it's definitely back on the agenda for boards." KlaviyoBialecki told Insider he tried to run a "disciplined company," one of two ingredients to its success. "There's a false choice here between being high growth and doing things efficiently," Bialecki told Insider. Are you a Klaviyo insider with insight to share?

Persons: Klaviyo, Andrew Bialecki, Bialecki, Tomasz Tunguz, Jason Lemkin, Jeff Bussgang, — it's, Ed Hallen, it's, Hallen, Klaviyo Bialecki, That's, Klaviyo Bootstrapping, Jon Karlen, Karlen, Melia Russell Organizations: Service, Klaviyo, New York Stock Exchange, Flybridge Capital Partners, Boston Globe, Securities and Exchange Commission, Boston Locations: Wall, Silicon, Instacart, Boston, BostInno, Massachusetts, mrussell@insider.com

☆ Klaviyo's IPO gives CEO Andrew Bialecki a stake worth $3.6 billion. Here are the others getting rich.
▼ + stars: | 2023-09-20 | by ( Melia Russell | ) www.businessinsider.com time to read: 1 min

Klaviyo went public after raising $576 million in its IPO. The opening price gives cofounder and CEO Andrew Bialecki a stake worth roughly $3.6 billion. Venture capital firms including Summit Partners, Accomplice, and Accel also made out handsomely. Klaviyo went public at a market cap of $11.3 billion on Wednesday, as it becomes the latest company trying to stir the initial public offering market from a deep slumber. This story is available exclusively to Insider subscribers.

Persons: Klaviyo, Andrew Bialecki Organizations: Venture, Summit Partners, Accel, MIT's Sloan School of Management

☆ TikTok Shop-ocalypse hits food sellers as the platform cracks down on homemade goods like freeze-dried candy
▼ + stars: | 2023-09-18 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

TikTok added new language to its product policies earlier this month for its recently launched e-commerce platform TikTok Shop, boxing out merchants who sell homemade food items like candy. Linares garnered over 1,400 sales through TikTok Shop in the last month, per documentation viewed by Insider. Freeze-dried candies have become a massive category and a big business on TikTok Shop. Users have already purchased thousands of freeze-dried products through TikTok Shop, per sales tallies visible to users in the app. 'TikTok Shop can really giveth and they can really taketh away'This isn't the first time Wilkerson's store has been dinged by TikTok Shop.

Persons: TikTok, Chrystian Linares, Linares, reselling Skittles, that's, Influencers, Nathan Wilkerson, Wilkerson, influencers Organizations: TikTok Locations: Florida, Orlando, Tallahassee, Linares, Jolly, Portland , Oregon, China

☆ Brazil's Ebanx expands into India in Asian market debut
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Sept 18 (Reuters) - Brazilian financial technology company Ebanx is expanding its operations to India, marking its entry into the Asian market, the firm said on Monday. The move is part of the firm's global expansion strategy in developing countries and comes shortly after it announced its expansion to three nations in Africa last month, the first outside Latin America. Ebanx will enable global merchants to offer customers in India the most popular local payment methods, starting with the local payment system Unified Payments Interface (UPI) and cards, it said. "As the Indian market warmly embraces digital payments and digital commerce continues its rapid growth, we see great opportunities for businesses and meaningful partnerships being fostered," said Paula Bellizia, the firm's president of global payments. In Latin America, Ebanx processes payments for companies such as Airbnb, Spotify and Uber.

Persons: Paula Bellizia, Andre Romani, Peter Frontini, Tomasz Janowski Organizations: SAO PAULO, Uber, Thomson Locations: India, Africa, America

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